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Jan 11, 2013
01/13
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KICU
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. > > are you afraid of the debt ceiling? what are you afraid of now? the market continues to march on regardless, and i am old-school. i look at bonds as an indicator of fear in the marketplace, and bonds sold off four points yesterday, and yields continue to climb on a sign of stability. > > i think the bottom line is, too, if you want to find fear, you are going to find it in individual stocks - not necessarily in the whole market and the vix. look at the puts skews if you are a little bit more of a savvy trader- > > we need individuals like you. > > that's right. > sounds like this market is bulletproof. moving on to round 3) dot com king?: amazon made all-new highs this week. is this the next apple? > > you are a bandwagon guy. what do you think? > > i would say no. it is at all-time forever highs. they really don't make money. and now you have target that is having price matching. > > here is something to think about. i actually agree with the guy for once. 3000 times trailing earnings is what amazon is trading for. their margins are this thin. yo
. > > are you afraid of the debt ceiling? what are you afraid of now? the market continues to march on regardless, and i am old-school. i look at bonds as an indicator of fear in the marketplace, and bonds sold off four points yesterday, and yields continue to climb on a sign of stability. > > i think the bottom line is, too, if you want to find fear, you are going to find it in individual stocks - not necessarily in the whole market and the vix. look at the puts skews if you are a...
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Jan 23, 2013
01/13
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after that they will reimpose a debt ceiling, they say. and suspect the pay of members of congress if their chamber of commerce hasn't agreed. politically wloo what it does is puts the debt ceiling fight down the list of political fights that are upcoming and it brings up the fight over sequestering. remember from the fiscal cliff. pe just kicked the sequestering back to the giping of march and political battle over spending cuts is something the republicans would much rather have as opposed to a fight over potential default on u.s. obligations in which they can be po portrayed as reckless. republicans liked it and voted for it but in the end the wlous says, it will sign the bill of the white house press secretary jay carney said it is not entirely perfect. take a listen. >> ideally we would extend a raise the debt ceiling for a long period of time. so that this is not a question. so that uncertainty that surrounded this issue of late because of the political jat ji that house republicans have taken will be removed or would be removed. >>
after that they will reimpose a debt ceiling, they say. and suspect the pay of members of congress if their chamber of commerce hasn't agreed. politically wloo what it does is puts the debt ceiling fight down the list of political fights that are upcoming and it brings up the fight over sequestering. remember from the fiscal cliff. pe just kicked the sequestering back to the giping of march and political battle over spending cuts is something the republicans would much rather have as opposed to...
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Mar 7, 2013
03/13
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ceiling debate. wow, i mean, that's going to add another 500 points right to the market. and really reinforce the bulls, and that could be the melt-up of the economy. >> i just want to get chanos. you there? is jim listening? >> i've been listening. >> can you help with this perma bowl for a second? is there a question here that needs to be asked that may change our view on how bullish we should really be? maybe you are bullish. i heard you a little bit earlier. >> we don't have a view on the market, andrew. i think the market will go up over time. in that case i'm with the professor on his long-term view. in short-term squiggles and moves who knows. >> well certainly the short run it's very dangerous. i think what's really important, people ask me, well, how much better off are we than five years ago? we just, you know, picked up th that. earnings are higher than october '07. dividends are higher than october '07. the quality of earnings, and this is important, is much higher than october '07. remem
ceiling debate. wow, i mean, that's going to add another 500 points right to the market. and really reinforce the bulls, and that could be the melt-up of the economy. >> i just want to get chanos. you there? is jim listening? >> i've been listening. >> can you help with this perma bowl for a second? is there a question here that needs to be asked that may change our view on how bullish we should really be? maybe you are bullish. i heard you a little bit earlier. >> we...
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Sep 9, 2013
09/13
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CNBC
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ceiling. >> i'm a little embarrassed. i thought it was interesting that they found that some of the luxury things trading so rich that it was better to sell than to go public. >> right. >> you make a point. that's the next real hurdle. right? that nieman marcus. >> he does make a point. >> all right. >> the most generous chatter. herbalife continuing its march higher. >> i think this is is a beast. i think you nailed it last week. this is a great example. you need to buy the strength. a military fade. high and tight. and more importantly last tuesday this thing had a beautiful key reversal. consolidating nicely. followed through on wednesday. did it again. and let's talk about the players that are involved. bill ackman if this thing starts making new highs, crazy activity. i think there is something brewing. >> does this matter to you that there is a large shortage? >> i think that's great. >> i think that's fantastic. >> next up, the company says it still expects to be profitable for the full year. >> the home builders h
ceiling. >> i'm a little embarrassed. i thought it was interesting that they found that some of the luxury things trading so rich that it was better to sell than to go public. >> right. >> you make a point. that's the next real hurdle. right? that nieman marcus. >> he does make a point. >> all right. >> the most generous chatter. herbalife continuing its march higher. >> i think this is is a beast. i think you nailed it last week. this is a great...
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146
Aug 5, 2013
08/13
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CNBC
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ceiling. anyway, topsy-turvy times and markets are shrugging it off. >> congress is shrugging it off, too. they're out of town. >> good point. >> yeah. they're not stressed about this. they have some secret plan to deal with these problems, i don't know about it. >> maybe we can fix this one in the 10th hour? >> yeah. >> maybe some progress? >> yeah. >> eamon, thank you, sir. >> you bet. >>> about 15 minutes left to go before the closing bell. we've been keeping an eye on the dow, down about 38 points, and the s&p lagging. the nasdaq helped out a little bit by apple as we were discussing earlier. buying on the dips, though. that's what merrill lynch is telling clients. find out why their analyst is bullish on the market. >>> a record $43 billion poured into equity funds last month. just $21 billion was pulled out of bond funds. is it proof retail investors are finally getting off the sidelines, rotating into this market? we'll debate later on the "closing bell." before their gift helped preser
ceiling. anyway, topsy-turvy times and markets are shrugging it off. >> congress is shrugging it off, too. they're out of town. >> good point. >> yeah. they're not stressed about this. they have some secret plan to deal with these problems, i don't know about it. >> maybe we can fix this one in the 10th hour? >> yeah. >> maybe some progress? >> yeah. >> eamon, thank you, sir. >> you bet. >>> about 15 minutes left to go before the...
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growing trillion dollar debt the debt ceiling was reinstated on may nineteenth at sixteen point seven trillion dollars which we've already hit currently we're operating under extraordinary measure is it just to keep the government running joining me now as one would brooks of public notice to discuss thanks for having so nice to have you here. so the debt ceiling was head on may nineteenth there hasn't been a lot of talk or discussions about this on capitol hill why is it such a quiet issue right well you know capitol hill they like the way to the last budget and even though they did hit the debt ceiling in the middle of may they have until october perhaps to use these extraordinary measures where they are borrowing against the retirement of federal workers and other things just to get by so you know nothing new here in washington you know even though they have time to plan they're really not. think that might change before they go home for the august summer recess but up until this point there's been very little talk on this issue which is unfortunate well i wasn't worried when they
growing trillion dollar debt the debt ceiling was reinstated on may nineteenth at sixteen point seven trillion dollars which we've already hit currently we're operating under extraordinary measure is it just to keep the government running joining me now as one would brooks of public notice to discuss thanks for having so nice to have you here. so the debt ceiling was head on may nineteenth there hasn't been a lot of talk or discussions about this on capitol hill why is it such a quiet issue...
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Apr 10, 2013
04/13
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CNBC
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. >> where it leaves us is we need to come up with another short-term deal to raise the debt ceiling later this spring or into the summer when we hit it when treasury runs out of room with emergency measures to increase our borrowing limit so at some point later this spring after we get past the immigration debate and gun control debate we'll get together at the leadership level and with the white house to come up with something that allows for an increase in debt ceiling and maybe cpi gets in there and maybe it doesn't that increases the debt ceiling and takes more out of deficit reduction but 4 trillion over ten years sweeping deal that takes these issues off the table for a while. it will be another short-term fix. >> at the end of the day are republicans going to have to accept again higher taxes and the democrats are going to have to accept cuts and make changes in inflation to the way social security payments are made? is there any alternative to that at the end of the day? >> if you want a grand bargain deal then those are the elements of it, ross. it's just really hard to see
. >> where it leaves us is we need to come up with another short-term deal to raise the debt ceiling later this spring or into the summer when we hit it when treasury runs out of room with emergency measures to increase our borrowing limit so at some point later this spring after we get past the immigration debate and gun control debate we'll get together at the leadership level and with the white house to come up with something that allows for an increase in debt ceiling and maybe cpi...
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Jan 4, 2013
01/13
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CNBC
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everyone sequestered in february and about the debt ceiling, all of that is the end of february and beginning of march. vix is worried about one month out and that in the first week of february. it is not capturing that worry. if you look at vix futures here, you will see fix is a much higher in the future just out one or two monthes. that's a steepening of the vix curb. that's reflecting a little bit more of the concerns and i can assure you. if we don't resolve this, it is 13 now, we will be much higher in one month from now. >> thank you. today we've got jobless rates still real sticky at the top. people a little bit more calm about the feds hawkish. what are yields doing now? >> the treasury complex is kind of like a giant coffee cup and believe me, we all know by the inflows of the last couple years, it's full. where the tipping point comes in, i can't tell you but we are definitely splashing coffee around. the ten-year is up 22 days as we sit mandy and 30-year bond is up 26 bases points. that's on the week for both mature its. i think what fed did, it had qe4 remorse, so to speak. i thi
everyone sequestered in february and about the debt ceiling, all of that is the end of february and beginning of march. vix is worried about one month out and that in the first week of february. it is not capturing that worry. if you look at vix futures here, you will see fix is a much higher in the future just out one or two monthes. that's a steepening of the vix curb. that's reflecting a little bit more of the concerns and i can assure you. if we don't resolve this, it is 13 now, we will be...
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Jan 28, 2013
01/13
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CNBC
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i mean, they've extended the issue at hand right now. >> right. >> that being the debt ceiling. >> the debt ceiling is a big issue. the fiscal cliff was a big issue on the tax side. we've extended the debt ceiling to may. that really could be july. i don't know that they represent the risks that a lot of people thought was represented in august 2011 heading into it. we realize hindsight, yields did not spike dramatically. we didn't get a massive number of investors whether it was institutions, pension funds that were forced out of treasuries. because of that aaa rating gone. i think we learned some lessons. but i still think unfortunately washington and the ranker and the political system remains one of them. >> it sounds you're not as worried about washington. >> we're sadly becoming immune to their antics. >> we'll leave it there. good to see you. thank you so much. >>> about ten minutes to go before we close it up on monday on wall street here. dow jones industrial average still hanging in just below 13,900. >>> well, it has been the feud that continues to be the buzz on wall street
i mean, they've extended the issue at hand right now. >> right. >> that being the debt ceiling. >> the debt ceiling is a big issue. the fiscal cliff was a big issue on the tax side. we've extended the debt ceiling to may. that really could be july. i don't know that they represent the risks that a lot of people thought was represented in august 2011 heading into it. we realize hindsight, yields did not spike dramatically. we didn't get a massive number of investors whether it...
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Jan 28, 2013
01/13
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ceiling. how that turns out will probably dictate how 2013 happens for cat piller and maybe for the world. >> despite the cautious outlook, shares of cat are trading higher. is now the time to buy that name? 90 seconds to make the case. why is now the time. >> i like this for macro ropeses and micro. 60% of revenues are overseas. and 27% in asia. an opportunity there. u.s. construction, 25% market share, leading here. micro, doing as best they can in a challenging environment. in incremental margins better than expected. in the fourth quarter expect more throughout the year. i think guidance of $7 on the low end was no worse than expected. >> what's the problem then? >> first of all, the stock is up 20% since december 16th. i don't think what we heard about earnings or guidance justifies more than that. this is a great company. don't think it will out-perform the market. the only reason you own an individual stock because it out-performs average stock. $17 is given and they don't give us quart
ceiling. how that turns out will probably dictate how 2013 happens for cat piller and maybe for the world. >> despite the cautious outlook, shares of cat are trading higher. is now the time to buy that name? 90 seconds to make the case. why is now the time. >> i like this for macro ropeses and micro. 60% of revenues are overseas. and 27% in asia. an opportunity there. u.s. construction, 25% market share, leading here. micro, doing as best they can in a challenging environment. in...
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Jan 16, 2013
01/13
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CNBC
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ceiling as a leverage point of some kind. what do you say? >> well, i think it's absolutely irresponsible that continue to spend like we're spending in washington, d.c. we've gone from borrowing 40 sent out of every dollar we're spending to now at 42 cents of every dollar we're spending and no end in sight. that's the irresponsibility. i think it's unfortunate and really disheartening that we don't -- that we have this even confrontation coming up. why don't we see some leadership out of the democrats and out of president where they say we understand we've got to have spending cuts and actually propose some. they have got some revenue enhancements already. we don't have to have a confrontation. just propose some spending cuts that make some sense, some entitlement reform and we'll move on together. >> right, right. what do you say to the fact that the president now has said this repeatedly, and that is that he's basically saying congress is not going to renege on things that congress approved. if you approved this spending, y
ceiling as a leverage point of some kind. what do you say? >> well, i think it's absolutely irresponsible that continue to spend like we're spending in washington, d.c. we've gone from borrowing 40 sent out of every dollar we're spending to now at 42 cents of every dollar we're spending and no end in sight. that's the irresponsibility. i think it's unfortunate and really disheartening that we don't -- that we have this even confrontation coming up. why don't we see some leadership out of...
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Oct 16, 2013
10/13
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FOXNEWSW
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february 7th is the next debt ceiling point in this. that's key. and in between there is going to be negotiations on trying to get a handle on this bigger chunk of federal spending. those are entitlements. medicare, medicaid, and social security. they have never fully addressed those and that's the one saving grace that a lot of republicans are saying maybe they can can finally get agreement on this. you mentioned sequestration a few minutes ago. sequestration with the money congress approves and cut that almost to the quick. if they're ever actually going to get a handle on all this spending it, has to come what they call the mandatory spending pie entitlements. that's toxic to touch. hey are you touching my medicare. >> but it is a three month kick the can down the road. chad pergram, thank you very much. >>> stocks surging right from the get-go as word of this senate deal got out. the dow finishing up triple digits to fox business network sandra smith and what is shaping up to be, dare i say it, hog heaven for traders, sandra? >> indeed hog heav
february 7th is the next debt ceiling point in this. that's key. and in between there is going to be negotiations on trying to get a handle on this bigger chunk of federal spending. those are entitlements. medicare, medicaid, and social security. they have never fully addressed those and that's the one saving grace that a lot of republicans are saying maybe they can can finally get agreement on this. you mentioned sequestration a few minutes ago. sequestration with the money congress approves...
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Oct 11, 2013
10/13
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MSNBC
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krystal pointed out we had a debt ceiling standoff in 2011, we just had a standoff over this and horrific things happens, stock market went to historic lows. it seems to me a bit strange now we have default or debt ceiling deniers when we have evidence of just threatening the thing is painful enough. >> listen, they can deny it all they want. happy people are birthers. what i do pay attention to are markets. i watch what markets do and like history. when apple looked at what happened in the markets in 2011 when we didn't go over but came close, that tells us something. there's a bigger problem here and that's something not being addressed, the issue of bonds. when you were young, if you're a genx er or mill lennial, you're in high risk markets, stock markets, if you're getting closer to retirement, guess what most of yours is in, low risk, those are bonds. guess what happens if we default, this is a interest rates goes up and every time interest rates go up, bond markets follow. when they fall, they don't come back as quickly as the stock market. all of these old people about to retire, i
krystal pointed out we had a debt ceiling standoff in 2011, we just had a standoff over this and horrific things happens, stock market went to historic lows. it seems to me a bit strange now we have default or debt ceiling deniers when we have evidence of just threatening the thing is painful enough. >> listen, they can deny it all they want. happy people are birthers. what i do pay attention to are markets. i watch what markets do and like history. when apple looked at what happened in...
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Jan 15, 2013
01/13
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>> well, we move on a negative watch, if we have effectively a repeat of the august 2011 debt ceiling crisis. as we approach the point where the federal government essentially runs out of cash and is not able to meet its obligations, the rating is going to go on watch. and the outcome of that watch is quite likely end up being a downgrade. >> just to be clear, there is a line in the diary which you put the united states on negative watch? >> well, we think that on current projections as provided by the sufficient treasury department, the federal government will essentially exhaust its cash resources by the end of february. if we have a situation where we're approaching the end of february and it looks as if we're going to run up against that debt line, then we will place the u.s. rating under watch. >> i'm not clear what exactly you're objecting to. whether it's the mechanism that is the debt ceiling, or the rhetoric that surrounds it. because both are in acute focus in august of 2011, and then they didn't worry you enough to do what s&p did, which was downgrade the united states. why
>> well, we move on a negative watch, if we have effectively a repeat of the august 2011 debt ceiling crisis. as we approach the point where the federal government essentially runs out of cash and is not able to meet its obligations, the rating is going to go on watch. and the outcome of that watch is quite likely end up being a downgrade. >> just to be clear, there is a line in the diary which you put the united states on negative watch? >> well, we think that on current...
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50
Oct 3, 2013
10/13
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CNBC
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eye 50
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the headlines over the next month are going to be over the debt ceiling. i'm not going to spend a lot of money if i hear that. the retail might be hitting q4. >> lows of the day. the dow falling by about 180 points just to reiterate, we've lost 15,000 for the second time today. there it is. 14,95. we continue to ask the question, how you should be viewing the ongoing bat until d.c. tony joins us now. hopefully with the answer. tony, what should we do? >> well, you know, corrections are only natural normal and healthy until they happen and, you know, by definition you've got to have what seems to be a great reason for the correction to have it really accelerate. i think we're going to have a pretty good fourth quarter so we would be aggressive into the weakness. the fundamental backdrop that caused the market to go up and movement into risk isn't different. if anything, the d.c. shenanigans and ineptness between congress and the president will only make the fed postpone the tapering further and that reinforces the movement into risk. >> tony, i come back at
the headlines over the next month are going to be over the debt ceiling. i'm not going to spend a lot of money if i hear that. the retail might be hitting q4. >> lows of the day. the dow falling by about 180 points just to reiterate, we've lost 15,000 for the second time today. there it is. 14,95. we continue to ask the question, how you should be viewing the ongoing bat until d.c. tony joins us now. hopefully with the answer. tony, what should we do? >> well, you know, corrections...
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106
Jan 17, 2013
01/13
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CNBC
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you took everything off ahead of the debt ceiling or ahead of the fiscal cliff or whatever was going on at that point in time. where your today? >> my toes are back in the water. for the last several weeks i've been buying selectively here and there. i'm still on lie about 25% invested. in expiration week i'm usually 100%. i'm not as confident but today's move in particular, driving up through the resistance which was somewhere around the 7414, 74 area in the s&p we blew through that. that's a positive sign. and the fact that while apple had been having those sessions where it was down $20 session after session, with that big turn around yesterday, you take a look at it here, nobody would have guessed that apple could be down as much as it had been down over the last several weeks and still the market at record highs. >> why so little love for the market. housing starts today highest since 2008. jobless claims fall more than expected. philly fed market highs of the day. >> my main season in i can get the same exposure to the market without being in the market in the equities themselv
you took everything off ahead of the debt ceiling or ahead of the fiscal cliff or whatever was going on at that point in time. where your today? >> my toes are back in the water. for the last several weeks i've been buying selectively here and there. i'm still on lie about 25% invested. in expiration week i'm usually 100%. i'm not as confident but today's move in particular, driving up through the resistance which was somewhere around the 7414, 74 area in the s&p we blew through that....
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Oct 13, 2013
10/13
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CNN
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on it, just increase the debt ceiling? >> you know, i think at this point, you know, we had a vote on saturday, yesterday, and it was to just raise it without any restrictions, and we all voted solidly against rsing it without limit and without restrictions. that's what the democrats offered us yesterday. noimit over the next year or year and a half, we raise it as high as it goes, no limits. the american people don't want that. the vast majority of the people are afraid of what this huge growth in our deficit is going to do to us. and so, no, i think we have to restrain. and there are two problems, and they're both problems. it is a problem for the marketplace to see us go through a deadline. but in 2011 when we were downgraded, we were downgraded because of the burden of how big our debt was, not because of getting close to a deadline. the s&p said we not do enough to cut spending and not enough to act fiscally responsible. that's why we were downgraded. it could happen again if we don't wake up and do something to manag
on it, just increase the debt ceiling? >> you know, i think at this point, you know, we had a vote on saturday, yesterday, and it was to just raise it without any restrictions, and we all voted solidly against rsing it without limit and without restrictions. that's what the democrats offered us yesterday. noimit over the next year or year and a half, we raise it as high as it goes, no limits. the american people don't want that. the vast majority of the people are afraid of what this huge...
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47
Oct 16, 2013
10/13
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CNNW
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eye 47
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it would also extend the debt ceiling, that's the point at which the government runs out of bargaining power, that was about 12 hours away. instead we can go all the way to february 7th. it is possible, again, that this could come to a vote by noon today. but faxes within the gop has so far left the house with no plan of its own. james clyburn is an assistant leader in the house. he joins us live. >>> can you tell me what you've heard about this and if you know whether or not this may end up being a deal on the house floor within hours? >> thank you so much for having me. yes, i have heard that we will do something today. i'm -- i'm not going to say whether it will be two hours, three hours, or four hours. but i'm making plans for it to happen today. >> and just given the fact that this would be something that has been reached in a bipartisan way in the senate, that will effectively say that there would be enough votes in the house to pass this regardless of what a very conservative faction might think about it. democrats would vote on this if speaker boehner brought it to the floor? t
it would also extend the debt ceiling, that's the point at which the government runs out of bargaining power, that was about 12 hours away. instead we can go all the way to february 7th. it is possible, again, that this could come to a vote by noon today. but faxes within the gop has so far left the house with no plan of its own. james clyburn is an assistant leader in the house. he joins us live. >>> can you tell me what you've heard about this and if you know whether or not this may...
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Oct 3, 2013
10/13
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CNBC
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on a clean budget patch and clean debt ceiling increase. at that point, harry reid said we'll start naming right away. >> and john boehner will lose his speakership if he does that. >> i think that's -- i think that's an absolutely fair conclusion and that's the risk he takes. >> even in that negotiation, what is the win/win? what are the things republicans might be able to accept? the white house might be willing to accept. and that diagram doesn't overlap. there aren't things that they both can agree on right now. and this is the way we're going to be left with budgeting on things like, you know, the expiration of continuing resolutions. that's it. >> so i agree with tony. i think there's a way in which republicans have not done their homework on this. all they know is they don't like obama care. they actually know little about obama care. what they need to do is get under the hood and actually figure out how they can help this program work better. by the way, as we move forward, there do seem to be aspects of the program that are working
on a clean budget patch and clean debt ceiling increase. at that point, harry reid said we'll start naming right away. >> and john boehner will lose his speakership if he does that. >> i think that's -- i think that's an absolutely fair conclusion and that's the risk he takes. >> even in that negotiation, what is the win/win? what are the things republicans might be able to accept? the white house might be willing to accept. and that diagram doesn't overlap. there aren't...
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Jan 29, 2013
01/13
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let's take a look at the next idea about the debt ceiling debate. i think this is a really important finding here, guys. we ask do you think congress is going to increase the debt ceiling every time it's reached, refuse to raise it at some point and don't know? you can see 86% are saying that congress will raise the debt ceiling every time it's reached this year, when i think about some of the reasons why stocks have gotten higher because i think that thread along with the fiscal cliff has come out of the market and that there's overwhelming sentiment that coss i solve the get problem. we asked wall street to grade our treasury secretary going out and one coming in. you can see a pretty strong sentiment that he was a seed secretary with a 2.2. jack lew, the sentiment there. 2.0. one more thing on the deficit i just want to say and maybe this is worthy of discussion here. i think this is a sign that things have improved, at these economists and guys on wall street are saying we should solve the deficit and do it now. i think if things were as bad as
let's take a look at the next idea about the debt ceiling debate. i think this is a really important finding here, guys. we ask do you think congress is going to increase the debt ceiling every time it's reached, refuse to raise it at some point and don't know? you can see 86% are saying that congress will raise the debt ceiling every time it's reached this year, when i think about some of the reasons why stocks have gotten higher because i think that thread along with the fiscal cliff has come...
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Mar 5, 2013
03/13
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also helping on extension on the debt ceiling. maybe a two-year extension on the debt ceiling, that would help. clarification on europe. we have to figure out some policy initiatives that are clear road to political and fiscal union. they're working on it, but still moving slowly here. resumption of growth in china, saw the new gdp targets. and the fed able to raise rates without run away inflation. i'm looking down the road for several years. the bottom line is resolution of these, carl, i think would go a long way towards helping confidence and certainly would be major factor in any kind of bull market. we'll be doing a special tonight, 7:00 p.m., eastern time, i'll be here because i'm pathetic and have no life and i really like this stuff. i really do like this stuff and i'll be here. >> i'm in the boat with you. i'll see you at 7:00 as well as we continue to think of a better name than dow, an all time high, for that show. thanks, bob. >>> for more on the markets, let's bring in scott nations, president for nation shares. gord
also helping on extension on the debt ceiling. maybe a two-year extension on the debt ceiling, that would help. clarification on europe. we have to figure out some policy initiatives that are clear road to political and fiscal union. they're working on it, but still moving slowly here. resumption of growth in china, saw the new gdp targets. and the fed able to raise rates without run away inflation. i'm looking down the road for several years. the bottom line is resolution of these, carl, i...
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Oct 9, 2013
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the debt ceiling is probably the other really good point of leverage. we can't give that up until we actually have these reforms passed into law. >> what i'm hearing from you -- you're always very candid -- is trust but verify. that's what i'm hearing from you. >> i would say verify and verify. >> okay. thank you. senator ron johnson, wisconsin, we appreciate it, sir. >>> let's bring back our political panel, democratic strategist mark hannah, robert trenhohm and sarah fagen. what did you hear? >> i heard verify and verify. leads me to think there's some optimism but there is some skepticism. one of the challenges the president faces in this upcoming negotiation is there's a sense among republicans that he just wants to break them. and it's politically offensive when you think about that strategy against the backdrop of a debt ceiling. it's one thing to do it on the lilly ledbetter act. >> mark hannah, the president has been so negative on the economy. he's been fear-mongering about if we don't meet all of our governmental obligations, meaning the whole
the debt ceiling is probably the other really good point of leverage. we can't give that up until we actually have these reforms passed into law. >> what i'm hearing from you -- you're always very candid -- is trust but verify. that's what i'm hearing from you. >> i would say verify and verify. >> okay. thank you. senator ron johnson, wisconsin, we appreciate it, sir. >>> let's bring back our political panel, democratic strategist mark hannah, robert trenhohm and...
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they just want to make sure it's clear to this point it's up to congress to raise the debt ceiling and for how long. perhaps conciliatory language, perhaps it could lead to something. we'll have to wait and see. >> jim acosta, thank you for following this. it will be interesting to see how speaker boehner's response to this. they want tax reform. they want entitlement reform. they want something out of this. >> in return. is this a door opening? who knows. yes, can-kicking. >> you heard the numbers, 500,000 government workers still furloughed. in a minute, we're going to meet one of those workers and hear what she has to do just to make ends meet before the paycheck is gone. ell you i am on the... [ both ] chicken pot pie diet! me too! [ male announcer ] so indulgent, you'll never believe they're light. 100-calorie progresso light soups. ♪ hooking up the country whelping business run ♪ ♪ trains! they haul everything, safely and on time. ♪ tracks! they connect the factories built along the lines. and that means jobs, lots of people, making lots and lots of things. let's get your
they just want to make sure it's clear to this point it's up to congress to raise the debt ceiling and for how long. perhaps conciliatory language, perhaps it could lead to something. we'll have to wait and see. >> jim acosta, thank you for following this. it will be interesting to see how speaker boehner's response to this. they want tax reform. they want entitlement reform. they want something out of this. >> in return. is this a door opening? who knows. yes, can-kicking. >>...
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Jul 30, 2013
07/13
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the next pressure point is the debt ceiling. i think it's 100% we don't default on the debt. it's a hostage you simply can't shoot. it's a point where hopefully the sides can come together and talk about an agreement, which would lead to another step getting it under control by replacing the sequester. >> thank you. that was a them more rat -- temporate and responsive -- rick, thank you. you didn't get too much to add to that. you looking pretty good today. you agree? >> i wasn't really attacking your survey. >> just because wall street says it's not concerned doesn't mean not certain e concerned is right. i'm picking up. >> it's the messenger. >> we will have much more from our guest host judd greg and ahead the star of the new prime time show "the profit," he is putting $2 million of his own money to turn around businesses. we will give you a sneak peek at one of the firing moments of tonight's premier. to update our status without opening an app. . the new blackberry q10. it's time. [ male announcer ] here at optionsxpress, our clients really seem to appreciate our powerfu
the next pressure point is the debt ceiling. i think it's 100% we don't default on the debt. it's a hostage you simply can't shoot. it's a point where hopefully the sides can come together and talk about an agreement, which would lead to another step getting it under control by replacing the sequester. >> thank you. that was a them more rat -- temporate and responsive -- rick, thank you. you didn't get too much to add to that. you looking pretty good today. you agree? >> i wasn't...
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Mar 13, 2013
03/13
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so what do we -- >> that's a good point. and i think what's interesting is rather than having markets discipline washington, which investors don't like, we see some degree of republican resolve, not on the debt ceiling, but importantly on see quest train stati sequestration. and that's why we saw it as a positive going forward. they sidelined the risk of a rating downgrade. they sidelined the risk of a disorderly jump in interest rates. and i think a lot of people thought one of the big risks for early this year was in 1994 style dislocation of bond markets that would knock down all asset classes, not likely to happen now. >> well, the good news is, it must have been 5 1/2 years now that wall street has been completely focused on washington and seeing what's there. now what do we watch? >> well, gridlock is fine. it's economic terrorism that is not. and that's the situation we were in. we were in a situation where a big block of people in the government were threatening to shut everything down and not pay the debts and they
so what do we -- >> that's a good point. and i think what's interesting is rather than having markets discipline washington, which investors don't like, we see some degree of republican resolve, not on the debt ceiling, but importantly on see quest train stati sequestration. and that's why we saw it as a positive going forward. they sidelined the risk of a rating downgrade. they sidelined the risk of a disorderly jump in interest rates. and i think a lot of people thought one of the big...
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Oct 15, 2013
10/13
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, probably tomorrow, one day before the debt ceiling deadline, at that point if he is willing to put whatever the senate sends him back on the floor and just say, look how many times we tried to put our stamp on this, there's only so much we can do, let's make sure we don't default. >> for the average guy out there, we all have their lives, we're busy with children. we can't follow this every single minute. it seems like a lot of noise come from capitol hill. and ultimately it sounds like something stinks in denmark. that one body wants the other party to be the one that defeats. is there anything to that? >> reporter: i'm not so sure it's that one wants the other to be the one to defeat as much as you should look at the flip side of that coin. which is that particularly in the case of house republicans, they want to be able to say to their conservative constituen constituencies, don't give up. we tried and fought until the last possible minute to get every little bit of what we've been fighting for in here. >> do the math with me. you were explaining throughout the weekend why janua
, probably tomorrow, one day before the debt ceiling deadline, at that point if he is willing to put whatever the senate sends him back on the floor and just say, look how many times we tried to put our stamp on this, there's only so much we can do, let's make sure we don't default. >> for the average guy out there, we all have their lives, we're busy with children. we can't follow this every single minute. it seems like a lot of noise come from capitol hill. and ultimately it sounds like...
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Jan 23, 2013
01/13
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they put the cuts in front and debt ceiling behind it. it is not like we've dealt with this debt ceiling problem. we have to deal with it come may. do i really think the market will have this big reaction as a result of this? i don't think so. i think the market is anticip e anticipati anticipating, which is why we have scent market move higher, right? testing this psychologically. i think what is really going to pierce that is what happens with apple. everyone is just sitting on their chair waiting on apple and so as you get some sense. listen, google had great numberes. but market is not taking off as a result of that, right? >> no, but it is also not selling off. transports are still higher as well. that confirms -- >> that all confirms. now we wait on apple. we will see if we tested pierce 1500. i think if we get to 1500 psychologically, it certainly means something. it will get the momentum and jumps on board. but i think in the end, that the debt ceiling cuts will continue to just cap a little bit. but not saying we will collapse at
they put the cuts in front and debt ceiling behind it. it is not like we've dealt with this debt ceiling problem. we have to deal with it come may. do i really think the market will have this big reaction as a result of this? i don't think so. i think the market is anticip e anticipati anticipating, which is why we have scent market move higher, right? testing this psychologically. i think what is really going to pierce that is what happens with apple. everyone is just sitting on their chair...
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Jan 11, 2013
01/13
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ceiling deal. how are we ever going to get out of this conundrum if we don't at some point start paying the money we promised to pay. >> you just said something. how are we going to get out of this conundrum. according to an op-ed by mr. stephen moore, the president doesn't believe there's a problem. do you believe that the material in that op-ed is correct? do you think in your opinion that the government believes the president specifically doesn't believe we have a spending problem? >> the president does need to wake up and assess his surroundings. we are fixing to have the inauguration in a week or so. the debt will stand at a little other 16 trillion. by the time the next permit is inaugurated, the national debt will be $22 trillion. who cannot say there's a serious problem with being awash in red ink, and it threatens the fabric of our republic. >> i don't disagree. yesterday the nominee to replace timothy geithner is jack lew. keep in mind he's problem the professor and frankenstein that crea
ceiling deal. how are we ever going to get out of this conundrum if we don't at some point start paying the money we promised to pay. >> you just said something. how are we going to get out of this conundrum. according to an op-ed by mr. stephen moore, the president doesn't believe there's a problem. do you believe that the material in that op-ed is correct? do you think in your opinion that the government believes the president specifically doesn't believe we have a spending problem?...
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Oct 8, 2013
10/13
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. >> reporter: -- the debt ceiling or the point at which our treasury goes into default and can no longer make our payments. what can we expect if washington can't reach a deal to raise the ceiling? today we spoke with a berkeley professor a former deputy assistant secretary for economic policy it the treasury department. >> the best way to get an idea of what the impact might be is to look last time at what happened in summer 2011 when we almost hit the debt ceiling. consumer confidence was hurt. it took six months to return. the s&p tumbled 17 points. those were just the consequences of almost getting there. mainstream economists of both parties agree that it would be catastrophic but we don't know just how bad it would be. >> reporter: making matters worse, consumer confidence has already plunged since the start of the government shutdown. default would be like throwing gasoline on the fire. >> if the government shutdown is a 5 on the richter scale, this is a 9 on the richter scale. this is a major tsunami impacting our economy potentially. as i said, we don't know just how bad it woul
. >> reporter: -- the debt ceiling or the point at which our treasury goes into default and can no longer make our payments. what can we expect if washington can't reach a deal to raise the ceiling? today we spoke with a berkeley professor a former deputy assistant secretary for economic policy it the treasury department. >> the best way to get an idea of what the impact might be is to look last time at what happened in summer 2011 when we almost hit the debt ceiling. consumer...
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Oct 16, 2013
10/13
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possibility of a debt ceiling catastrophe. spooked the market. dow sinking 130 in points in nasdaq declining 0.56%. yep, today it became clear that all the nice things we've been hearing about the deal on thursday had nothing to do with the reality because the pleasant tiding was all in the senate. they're just scared. not the senate. the senate is scared, the house isn't. the house of representatives as we keep discovering is a horse of a different color. from the very beginning you never expected the senate to reject a debt ceiling increase, and not just because it's controlled by the democrats. there are enough republican senators who have been around for a while and talk to the business community to know a disaster looms if we don't do something. there aren't enough in the house for certain. first of all, i am unwavering in my belief that if we default it will be financially catastrophic. fitch just placed u.s. debt on a negative ratings watch this evening in the sign of real trouble if the debt ceiling isn't raised. no kidding. they should b
possibility of a debt ceiling catastrophe. spooked the market. dow sinking 130 in points in nasdaq declining 0.56%. yep, today it became clear that all the nice things we've been hearing about the deal on thursday had nothing to do with the reality because the pleasant tiding was all in the senate. they're just scared. not the senate. the senate is scared, the house isn't. the house of representatives as we keep discovering is a horse of a different color. from the very beginning you never...
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Jan 15, 2013
01/13
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lori: maybe an entry point around below 500? so back to the debt ceiling. a lot of people just want to tune out, turn the channel. but it is really important because interest rates are at risk of a shock mode going up sharply higher. so it is really important. house republicans right now struggling to come out with some kind of a strategy to tackle the debate with the president. they canceled their weekly caucus earlier we learned. the focus shifts to this week's gop retreat. rich edson with the latest on the capitol hill negotiation. rich? >> good afternoon. republican leaders assemble ad man you of options they for their members in williamsburg, virginia. one. items is delaying implementation of president's health care law. savings would go to decrease the debt ceiling. there are a host of options on the table. short, three-month debt ceiling increase, with smaller amount of cuts all the way to multiyear, perhaps 4-year increase in the debt ceiling so long as it is accompanied by a major tax overhaul. and overhaul of the entitlement system. this on a day
lori: maybe an entry point around below 500? so back to the debt ceiling. a lot of people just want to tune out, turn the channel. but it is really important because interest rates are at risk of a shock mode going up sharply higher. so it is really important. house republicans right now struggling to come out with some kind of a strategy to tackle the debate with the president. they canceled their weekly caucus earlier we learned. the focus shifts to this week's gop retreat. rich edson with...
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they say i want to make sure that the debt ceiling is raised and vote with the democrats there. it doesn't look like at this point the 60 votes are there but what the bill would be is to extend the debt ceiling, raise it through the next election so we don't have to go through this until after november 2014. >> seems like we go through this every few months. it's getting tired. right now, gloria borger is with us as well. our chief political analyst. do you see any movement at all, any openings on the part of the speaker or the part of the president? >> no. they had the phone call and they both came out saying no negotiation. i think there are lots of members looking for some kind of way to get out of this so it doesn't look like it was hatched by the president and it doesn't look like it was hatched by the speaker but rather that it was hatched by members of congress. there's talk of a supercommittee. we have been there before, by the way, right? at this point, i don't think see any progress. i mean, the thing that is working in terms of getting some kind of deal is that the cl
they say i want to make sure that the debt ceiling is raised and vote with the democrats there. it doesn't look like at this point the 60 votes are there but what the bill would be is to extend the debt ceiling, raise it through the next election so we don't have to go through this until after november 2014. >> seems like we go through this every few months. it's getting tired. right now, gloria borger is with us as well. our chief political analyst. do you see any movement at all, any...
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Jan 5, 2013
01/13
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we won by 25 points. >> we talked about the debt ceiling and i want to read you something that jon corn inwrote. this is an op-ed from senator john cornyn, quote, it may be necessary to partially shut down the government in order to secure the long-term fiscal well-being of our country rather than mrod along the path of greece, italy and spain. pat said the same thing on "morning joe." are we headed for a government shutdown in the next few months? >> if the republicans are crazy enough they'll want to do that it's possible they'll pull that off and it's a very divided party and divided between the far right wing and the, treatment right wing and the extreme right wing wants to shut down the government because they just don't like the government at all. they'd rather have no government than even good government. >> does the extreme right wing of the gop still yield that much power? >> well, sure. from what i can see, their caucus is divided almost equally between the corporate shales and the tea party. that's what passes for diversity on the other side of the aisle and the tea party rep
we won by 25 points. >> we talked about the debt ceiling and i want to read you something that jon corn inwrote. this is an op-ed from senator john cornyn, quote, it may be necessary to partially shut down the government in order to secure the long-term fiscal well-being of our country rather than mrod along the path of greece, italy and spain. pat said the same thing on "morning joe." are we headed for a government shutdown in the next few months? >> if the republicans...
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Oct 13, 2013
10/13
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minlds ds oe debt ceiling deniers. that is next. i get 2x the thankyou points on each ticket. the citi thankyou preferred card. now earn 2x the points on entertainment, with no annual fee. go to citi.com/thankyoucards so she could take her dream to the next level. so we talked about her options. her valuable assets were staying. and selling her car wouldn't fly. we helped sydney manage her debt and prioritize her goals, so she could really turn up the volume on her dreams today... and tomorrow. so let's see what we can do about that... remodel. motorcycle. [ female announcer ] some questions take more than a bank. they take a banker. make a my financial priorities appointment today. because when people talk, great things happen. humans. even when we cross our "ts" and dot our "i's", we still run into problems. that's why liberty mutual insurance offers accident forgiveness with our auto policies. if you qualify, your rates won't go up due to your first accident. because making mistakes is only human, and so are we. we
minlds ds oe debt ceiling deniers. that is next. i get 2x the thankyou points on each ticket. the citi thankyou preferred card. now earn 2x the points on entertainment, with no annual fee. go to citi.com/thankyoucards so she could take her dream to the next level. so we talked about her options. her valuable assets were staying. and selling her car wouldn't fly. we helped sydney manage her debt and prioritize her goals, so she could really turn up the volume on her dreams today... and tomorrow....
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Oct 9, 2013
10/13
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ALJAZAM
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that there's been serious negotiations about raising the debt ceiling. on the president's side doesn't he have a point when he says if the positions were reversed the republicans wouldn't be happy if democrats were saying, we won'tny tkoerbuatwon'tnegotiatee tight gun control regulations. >>> he's obviously eludeing to the key problem in this whole situation which is the desire of many republicans to dramatically altar or delay or to fund the president's signature health care program. so that's what he's eludeing to if he says if the swaegs was sie reversed. they would be unhappy campers. one of the things that was left unclear this afternoon came in the last question of this very, very long economics 101 class what the president oversaw was, if we get to the 17th or 18th or somewhere around there and the deadlines for raising the debt ceiling and we come up with some extension how does that actually change the dynamic? why aren't we back in the same situation with the two sides haveing the same position and one side sayinging the president won't comprom
that there's been serious negotiations about raising the debt ceiling. on the president's side doesn't he have a point when he says if the positions were reversed the republicans wouldn't be happy if democrats were saying, we won'tny tkoerbuatwon'tnegotiatee tight gun control regulations. >>> he's obviously eludeing to the key problem in this whole situation which is the desire of many republicans to dramatically altar or delay or to fund the president's signature health care program....
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i remember 2011, when there was a debt ceiling crisis, what we lost about 2,000 points in the dow jones then, and back in 2008 when there was the recession, the economic collapse, the dow jones went from above 14,000, below 7,000 very, very quickly, and people lost a ton of money. now, only now, a lot of folks are beginning to catch up to where they were then, but what i hear you saying and a lot of other investors saying, be nervous right now because we don't know what's going to happen over the next ten days or so. >> it's not only the next ten days. i think the one thing that wall street is going to have to come to terms with, and washington, wall street and main street often seem to think they are disconnected but as you noted in 2008, we learned we are intimately connected. right now one of the scariest things i have to deal with, i think our recovery and growth potential going forward is in the hands of our elected officials in washington and i don't like feeling that way as an economist, nor as an american. so that's something that disappoints me right now and also scares me. but
i remember 2011, when there was a debt ceiling crisis, what we lost about 2,000 points in the dow jones then, and back in 2008 when there was the recession, the economic collapse, the dow jones went from above 14,000, below 7,000 very, very quickly, and people lost a ton of money. now, only now, a lot of folks are beginning to catch up to where they were then, but what i hear you saying and a lot of other investors saying, be nervous right now because we don't know what's going to happen over...
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Oct 13, 2013
10/13
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ceiling bill and the clean continuing resolution bill they have been seeking, but it's all very much in the air. but at least we can report at this point, miguel, that things have settled down outside the white house, although i can tell you that there are some vehicles going down pennsylvania avenue, park police vehicles, with their sirens on in case you're hearing some of that noise. >> we can hear that. >> reporter: but for the most part things have settled down here. >> these protests though are very emotional obviously. the veterans, many groups have not been happy with this administration and have expressed their concerns with them. they have been growing over the days. there were world war ii vets that went owe the memorial to begin with. congressmen went out there to open the gates. the lincoln memorial, now this. there's a rebel flag out there, i see. do we know who these protesters are, who they represent? are these sort of the tea party side of veterans groups or who are these folks? >> there were a lot of tea party flags out here, a couple other flags representing other p
ceiling bill and the clean continuing resolution bill they have been seeking, but it's all very much in the air. but at least we can report at this point, miguel, that things have settled down outside the white house, although i can tell you that there are some vehicles going down pennsylvania avenue, park police vehicles, with their sirens on in case you're hearing some of that noise. >> we can hear that. >> reporter: but for the most part things have settled down here. >>...
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Oct 12, 2013
10/13
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he wants clean bills to open up the government, clean bill to raise the nation's debt ceiling. they're not even using the word "negotiate" at this point, anderson. they're saying they're talking and they're listening. that's an indication i think at this point this white house feels it has the upper hand they're not looking for white smoke coming out but white flag of surrender. >> jay carney using the word conversation instead of negotiation. thanks for the updates. these talks and moderate efforts to rehabilitate the gop brand are taking place at the same time as an especially influential gathering of hard liners at the values voter summit today in washington. listen. >> and i have to tell you, obama care is really i think the worst thing that has happened in this nation since slavery. and it is in a way -- it is slavery in a way. [ applause ] >> because it is making all of us subservient to the government. and it was never about health care. it was about control. >> the worse thing since slavery he said. that's conservative activist ben carson, dr. senator rand paul also spo
he wants clean bills to open up the government, clean bill to raise the nation's debt ceiling. they're not even using the word "negotiate" at this point, anderson. they're saying they're talking and they're listening. that's an indication i think at this point this white house feels it has the upper hand they're not looking for white smoke coming out but white flag of surrender. >> jay carney using the word conversation instead of negotiation. thanks for the updates. these talks...
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Sep 18, 2013
09/13
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how do we get to a point that we don't have to keep doing debt ceilings. we've reduced it the last three years. we want to continue to make the same forward progress. you do that by economic activity out there. if row can reform the tax code, you're going to get more economic activity happening. this is not the tax plan coming to it. it would be a proposal for how do we get to a tax plan. deadlines, date, expedited processes in the house and senate, that kind of structure over the next couple of months we can do that. keystone pipeline, you know extremely well tomorrow is the five-year anniversary of the permit request. now, this january they will have the southern leg of the keystone done. they permitted it and constructed 800 miles of pipeline from cushing oklahoma. so we think that has to get moving. we think there is entitlement reform parties that need to be done, modest reforms that the president has recommended that we have also recommended. so we think there is some common ground. we also want to deal with the sequester. a lot of people say we have
how do we get to a point that we don't have to keep doing debt ceilings. we've reduced it the last three years. we want to continue to make the same forward progress. you do that by economic activity out there. if row can reform the tax code, you're going to get more economic activity happening. this is not the tax plan coming to it. it would be a proposal for how do we get to a tax plan. deadlines, date, expedited processes in the house and senate, that kind of structure over the next couple...
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Oct 13, 2013
10/13
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ceiling, but it fell another 1,200 points after that. the nasty fight cost the united states its aaa credit rating for the first time in history. still the economy itself held up okay in hindsight. it chalked up 3% growth by the last quarter of 2011, job creation accelerated and stocks rebounded. the pattern was the same in the 1995-'96 government shutdown. >> more than 50% of all exports are to developing countries, so this is not just that it's going to have a negative impact in developing countries, it's going to have a direct impact on exports in the united states. we just urge them to continue talking and come to a solution. >> reporter: u.s. bond markets are closed tomorrow for columbus day, but stock markets are open so buckle your seat belts. chris? >> peter, thank you, and we'll be following how the markets react. as we said the senate is now at the center of budget talks and we're joined by two leaders who are trying to find a way to reopen the government and avoid a default. joe manchin and bob corker have joined us. is there
ceiling, but it fell another 1,200 points after that. the nasty fight cost the united states its aaa credit rating for the first time in history. still the economy itself held up okay in hindsight. it chalked up 3% growth by the last quarter of 2011, job creation accelerated and stocks rebounded. the pattern was the same in the 1995-'96 government shutdown. >> more than 50% of all exports are to developing countries, so this is not just that it's going to have a negative impact in...